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Friday, August 21, 2020

Notes From All Over -- Pre-Market Edition -- August 21, 2020

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

Fast and furious:

  • Definition of insanity::
  • Wuhan flu:  
    • NYC:I'm not following this story very closely any more, but the graph at this link is amazing; I knew it was bad in NYC, but I did not know it was that bad; link here for the graph;
    • Mass transit is dead: or at least nearly killed public transport; over at oilprice; they must be reading the blog;
  • Govenors:
    • Lied: I'm shocked! Shocked! California governor failed to take promised pay cut, after ordering state workers' pay to be cut 10%; google it;
    • Disappointed; well, actually he's disappointed in his state's utilities. Say what?
  • Tired: no matter how Goodyear spins it, I won't be buying Goodyear tires, never have, never will; Goodyear CEO calls Trump; says it was all a mistake; not his fault; google it;
  • The Magnificent Seven:
    • 777: if any of us are still afloat in this market, it's because seven stocks are doing very, very well; tech's magnificent seven are worth $7.7 trillion. Quick: name the seven. Hint: one of them is the name of a fruit; one is the parent company of the #1 website; one of them is an on-line retailer; one use to have a computer monopoly, then hired Steve Balmer; one knows more about ou than you know about yourself; one sells cars; and, one sells movies. To put their worth into perspective, let's go to Paul R. La Monica:
    • Russell 2000, America's smaller publicly traded companies: total market value -- $1.9 trillion (which by the way is less than $2 trillion which seems to be the new bar)
    • the tech's magnificent seven: $7.7 trillion
  • AAPL: I have a pet peeve with CNBC when it comes to AAPL; actually two; if I get caught up, I will talk about those two pet peeves;
    • must read article on iPhone 12 -- which has not yet been announced, much less brought to market, and yet AAPL continues to soar; if it's been announced, I haven't seen it; I could have missed it;
    • used iPhones will significantly expand Apple's share in emerging markets; two words I like to see in a headline: "Apple" and "expanding"; okay, and a third, "significantly." in almost any order: "Apple significantly expanding": expanding Apple, significantly"; significantly, Apple expanding;" you get the picture:

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